Enforcement

SG Police Lays 23 Forgery Charges Against Hin Leong Founder

03/05/2021

Lim Oon Kuin now faces a total of 25 charges – 14 counts of abetment of forgery for the purpose of cheating, and 11 counts of abetment of forgery simpliciter.

AML / KYC

AUSTRAC Issues Guidance on Filing More Effective SMRs

02/05/2021

The new resources include a reference guide and checklist, and feature guidance on how to write succinct, accurate and clear grounds for suspicion.

Market Infrastructure

DSB Opens Consultation on OTC ISIN, CFI Service Provision

02/05/2021

The consultation focuses on cloud resilience, cybersecurity risk assessments, and enhanced support for supplier risk assessment activities.

Market Infrastructure

Australia Seeks Partners to Help Develop Carbon Exchange

02/05/2021

Australia’s Clean Energy Regulator is seeking a partner or partners to facilitate the emergence of an exchange-traded market for carbon offset units.

Market Infrastructure

IFRS Foundation Consults on Revisions to Constitution

02/05/2021

The proposed amendments expand the Foundation’s objectives and set out the structure and function of the new International Sustainability Standards Board.

Market Infrastructure

Cboe to Launch New European Venue for Equity Derivatives

02/05/2021

Clients will benefit from having more choice, and lower friction pricing models will promote greater liquidity, says Morgan Stanley’s David Russell.

Fintech / Regtech

MAS Launches RegTech Grant Scheme, Enhances DAG Scheme

01/05/2021

The RegTech grant scheme is available to Singapore-based FIs to help them enhance processes and capabilities in their risk management and compliance functions.

Enforcement

Australian Court Charges Woman for Superannuation Fraud

01/05/2021

A woman is said to have submitted multiple false hardship claims on behalf of others to gain early access to A$330,000 in superannuation.

Securities / Derivatives

ICBC, Bank of China Approved to Invest in National Green Fund

01/05/2021

The ‘National Green Development Fund’ was launched in July 2020 to spearhead investments in green projects and sustainable development.